Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home » Business & Economy

Zamil Industrial first Saudi MNC to set up shop in India

Friday March 08, 2013 12:12:25 PM, IANS

Mumbai: Zamil Industrial has become the first Saudi Arabian multi-national corporation to establish a fully-owned subsidiary in India to exploit the booming air-conditioners and home products segment, a company official said.

The company has acquired full stake in Advantec Coils and renamed it Zamil Air Conditioners India Pvt Ltd (ZACI) to launch its comprehensive range of residential, commercial and industrial air-conditioners, including the Turbomiser series chillers.

Headquartered in Dammam, Saudi Arabia, Zamil Industrial had acquired 30 percent stake in Advantec Coil in February 2008, and recently bought the remaining 70 percent stake in the joint venture.

"The acquisition is a result of the company's strategic direction of value play to leverage multiple investments... We are confident of making big strides in the Indian market," says Zamil Industrial chief operating officer Osama Al-Bunyan.

In the next three-five years, the company will target to get Rs.1,500 crore worth of business, or 10 percent of the Indian air-conditioner market.

"We will now be able to offer world-class technology at extremely competitive prices, revolutionising the air-conditioner market not just in India but also the SAARC Region," says Dinesh Vijapurkar, director, ZACI, which is headquartered in New Delhi.

Presently, Zamil Industrial's operations are spread across 55 countries and products marketed in over 90 countries.

ZACI will now have two fully-integrated manufacturing facilities in Nalagarh in Himachal Pradesh with a total installed capacity of 1.20 million units per annum.

ZACI will also get direct access to the parent company's air-conditioner arm, Zamil Air Conditioners, Saudi Arabia, and Clima Tech/Geoclima, Italy.

Besides India, Zamil Industrial has manufacturing facilities in Saudi Arabia, UAE, Egypt, Vietnam and Italy.










 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

After drought, police worried about water riots in Maharashtra

Arafat death probe results delayed till May

Apologize and reinstate DRDO scientist: Katju asks govt.

Nearly a dozen injured in clashes, curfew in entire Srinagar

UPA's retail FDI decision against national interest: Opposition

Now fundraising app for girls' education

Jailed Madani allowed to attend daughter's marriage

Cabinet approves bill for timely delivery of citizen services

Due weight to MPs views on Sri Lankan vote, assures Khurshid

Go to Sri Lanka as Hanuman, Khurshid tells Lalu

 

Top Stories

Ziaul Haq killing

Raja Bhaiyya slapped with murder charges; still at large

The CBI Thursday named former Uttar Pradesh minister Raghuraj Pratap Singh alias Raja Bhaiyya as   »

Zia ul Huq killing: Police step up probe, opposition seeks Raja Bhaiyya's arrest

Raja Bhaiya booked for murder, quits as UP minister

 

  Most Read

Due weight to MPs views on Sri Lankan vote, assures Khurshid

External Affairs Minister Salman Khurshid Thursday refused to spell out the Indian government's stand on the UN  »

Go to Sri Lanka as Hanuman, Khurshid tells Lalu

Ill-treatment of Palestinian minors in Israeli prisons widespread: UNICEF

The ill-treatment of Palestinian children in the Israeli detention centers “appears to be widespread, systematic and institutionalized,” according to a report published Wednesday by United Nations Children’s Fund. In a 22-page report, UNICEF examined the state Palestinian children in Israeli military   »

 

  News Pick

Connecticut school allows Hijab wearing girl in its basketball team

Finding support among school officials, a veiled Muslim player has joined basketball team in her Connecticut school, hoping to offer a role model for Muslim girls in the United States. "It is because of  »

'Support Sharmila' campaign to begin on Women's Day

A campaign to gather support for iconic Manipuri activist Irom Sharmila, on a fast for about 12 years demanding the repeal of the Armed Forces Special Powers Act that is seen by many as repressive, would be launched  »

Lawyers-police clashes continue in Jaipur, over 30 injured

Judicial services were crippled as the lawyers boycotted work demanding suspension of senior police officers. They torched a police control room vehicle while damaged about 10 cars passing through the Banipark area, police added.  »

More than 66,000 cases pending in Supreme Court: Law minister

Noting the responsibility for disposal of pending cases in high courts and Supreme Court is within the domain of judiciary, he said that to assist them in addressing the problem of pendency of cases, the government set up  »

 

Picture of the Day

Paratroopers in formation of Akashganga during the Indian Air Force Fire Power demonstration Exercise 'Iron Fist 2013' at Pokharan, Jaisalmer, Rajasthan on February 22, 2013.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2012 Awaz Multimedia & Publications. All rights reserved.